Merchant Facilities – ANZ eGate or ePos
Posted on 19/09/2007 in eCommerce

Almost any shopping cart or e-commerce website needs to be able to receive payments from customers. In my view, the more automated this method of payment is (ie the payment gets into your control, quickly, without you having to do anything!), the better. Unfortunately, automation (which saves you time and hassle and which will increase your conversion rate)  comes at a price!

I used to run an online store that was costing monthly merchant service fees (not payments) of nearly $1000! That is a lot of money out of your bottom line – but it is a necessary evil if you want to maximise your conversion rate.

I have spoken with the ANZ about their latest merchant offerings:

The ANZ website does not give any details on price – basically, you have to apply before you can find out how much it will cost! Over the phone though, they provided me with the following info:

ANZ eGate

  • Set Up Fee – $99
  • Monthly Fee – $39.95
  • Annual Fee – $29.95
  • Merchant Service Fee (variable depending on business type and turnover, but usually say 1.25% to 2.5% of each transaction processed)
  • No Payment Gateway required.
  •  Recommended for sites with a turnover of $10,000 or more per month.

 ANZ ePOS

  • Set Up Fee – $99
  • Monthly Fee – $0
  • Annual Fee – $29.95
  • Merchant Service Fee (variable depending on business type and turnover, but usually say 1.25% to 2.5% of each transaction processed)
  • Payment Gateway required.
  • Recommended for sites with a turnover of under $10,000 per month.

ePOS supports a variety of payment gateways including:

To give you an example of payment gateway pricing, eWay currently has the following offer:

  •  $0 set up fee (usually $599)
  • $0 monthly fee
  • $285 yearly fee (usually $350)
  • 0.50 per transaction

You will also need an SSL certificate – eWay currently has them for $30 per year (instead of the usual $99).

In addition, there will be costs of integrating whatever merchant system you choose into your shopping cart. Webcare charges about $150 for integrating merchant facilities like these into a shopping cart or ecommerce site.
If all this sounds a bit daunting, just start with Paypal. WebCare includes PayPal integration as standard in its shopping cart or ecommerce sites and there is no application fee and no monthly fees.

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